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Bitcoin Price Analysis: Will BTC React to this $240 Million Market Signal?
Bitcoin’s (BTC) price has consolidated within the $41,500 to $43,000 range as investors await the next significant catalyst. Can the unusual decline in Bitcoin market supply over the weekend tilt the momentum in favor of the bulls? Investors Shifted $240M Worth of BTC Away From Exchanges Over the Weekend Bitcoin’s (BTC) price has remained sandwiched within the $41,500 to $43,000 narrow range since recovering from the panic selloff that heralded the US CPI and core inflation data on Dec 11. However, on-chain data trail reveals that majority of Bitcoin investor are making strategic bullish moves ahead of Christmas. ... (full story)